Adjustment Factor Applicable to a Claim

 

The price adjustment is determined by the date when the claim is initially filed with the importer.  E.g. If a claim is filed with the importer by his customer in June then the claim will be based on the adjustment factor that will be published on the MICA website as “May Prices for June Claims”.

 

 

Adjustment per 1% point of lean - USc/lb

2.36

 

December Prices for January Claims

 

 

 

 

 

 

 

 

 

 

 

 

 Weighted Average Prices USDA closing quotes, National

 

 

 

 

 

 

Fresh 50s

Fresh 90s

Fresh 95s

 

 

 

 

 

 

 

1-Dec

35.40

128.77

138.77

 

Item

% Lean

Price

Formula

 

 

4-Dec

35.21

129.50

139.50

 

 

 

 

 

 

 

5-Dec

34.62

130.15

140.15

 

Imp 90s

90

100.00

35.00%

31.50

35.00

6-Dec

35.40

130.00

140.00

 

Imp 89s

89

 

 

0.00

0.00

7-Dec

35.13

127.96

137.96

 

LFTB

92

107.95

15.00%

13.80

16.19

8-Dec

35.35

126.19

136.19

 

Dom 90s

90

127.95

19.25%

17.32

24.63

11-Dec

34.45

127.34

137.34

 

Dom 50s

50

33.35

30.75%

15.37

10.26

12-Dec

34.54

128.00

138.00

 

 

 

 

100.00%

78.00

 

13-Dec

35.13

129.90

139.90

 

 

 

 

 

78.00

86.08

14-Dec

35.84

128.98

138.98

 

 

 

 

 

 

 

15-Dec

34.86

126.82

136.82

 

Item

% Lean

Price

Formula

 

 

18-Dec

32.10

127.43

137.43

 

 

 

 

 

 

 

19-Dec

32.66

129.11

139.11

 

Imp 90s

90

 

 

0.00

0.00

20-Dec

27.57

127.69

137.69

 

Imp 89s

89

97.64

35.00%

31.15

34.17

21-Dec

31.23

126.97

136.97

 

LFTB

92

107.95

15.00%

13.80

16.19

22-Dec

30.58

125.53

135.53

 

Dom 90s

90

127.95

20.12%

18.11

25.75

25-Dec

Holiday

 

 

 

Dom 50s

50

33.35

29.88%

14.94

9.96

26-Dec

30.20

126.72

136.72

 

 

 

 

100.00%

78.00

 

27-Dec

32.33

128.01

138.01

 

 

 

 

 

78.00

86.08

28-Dec

32.13

127.42

137.42

 

 

 

 

 

 

 

29-Dec

32.30

126.42

136.42

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average

33.35

127.95

137.95